Series 6, 7 and 63 License . . .

Discussion in 'Retirement Planning Forum' started by myinsurebiz, Jan 1, 2017.

  1. DHK
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    DHK Well-Known Member

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    :skeptical:

    Licensing does NOT equate to competence.

    Licensing means that you can and will be held liable for your actions and recommendations.

    Don't confuse the two.

    After I took my Series 7 & 66 12 years ago, almost none of it related directly to the actual job and in giving financial/investment advice.

    If you watch the video I posted, there's a LOT in that video that you will NOT learn in your Series 6, 7, 63, 65, or 66.
     
  2. Norwayguy
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    Norwayguy Well-Known Member

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    DHK what are you worried about in three weeks it will be some other idea.
     
  3. dizzy
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    dizzy Well-Known Member

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    Any one have dealt with Solamen ? What the better software for our agent that want to use laptop or a ipad
     
  4. goillini52
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    goillini52 Well-Known Member

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    So Dizzy...what part of India are you in?:)
     
  5. GreenSky
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    GreenSky Well-Known Member

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    3 weeks? Only took 3 days.

    Rick
     
  6. Norwayguy
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    Norwayguy Well-Known Member

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    No fair Monday morning quarterbacking.
     
  7. MW Agent
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    MW Agent Well-Known Member

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    Broker dealers are firing small producers like crazy right now. Many don't want anyone doing less than $100k GDC and very few will sponsor a scratch starter unless they are part of a bigger producer group.
     
  8. xrac
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    xrac Well-Known Member

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    All very true. Most broker dealers have minimum production levels to retain your registration.
     
  9. DHK
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    DHK Well-Known Member

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    Not surprising at all. In D. Scott Kimball's books on Top Gun Financial Sales and Top Gun Prospecting... if you aren't on your way to being a $1,000,000 per year producer in securities production... your days are numbered.

    https://www.amazon.com/Top-Gun-Fina...25027&sr=8-1&keywords=Top Gun Financial sales

    https://www.amazon.com/Top-Gun-Pros...25027&sr=8-2&keywords=Top Gun Financial sales

    Scott advocates hunting whales - having no more than 50 relationships or relationship trees (others that are related through family or work to a key relationship) and working to earn $1 million in production every year. Of course, there are only so many "whales" out there and plenty of competition to get them as clients.

    However, considering that a FINRA complaint can come from anyone - a $1,000 account to a multi-million dollar account... where FINRA licenses are concerned, less is more. Less clients, more assets, more attention, less compliance risk of a complaint.

    And all of that is regardless of the new DOL ruling. It's been moving this way for a long time.
     

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